reported fiscal fourth-quarter revenue of $25.1 million, or 45 cents a share, in contrast with $25.2 million, or 39 cents a share, a yr in the past. Revenue fell to $170.four million from $178.7 million. In the present quarter, the corporate expects to earn between 23 cents and 25 cents a share and between $1.30 and $1.40 a share for the complete yr. Analysts are projecting earnings of $1.50 a share for the complete yr. Shares of Smith & Wesson dropped 12% in after hours.

Activist investor Carl Icahn launched a letter to Family Dollar Stores’ Chief Executive Howard Levine by which he famous their variations over the way forward for the corporate. Icahn, who holds a 9.four% stake within the low cost retailer chain, believes the corporate can do extra to be aggressive and warned that “consolidation in this space is inevitable.” Shares of Family Dollar